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08.11.2019 18:00

ECB's Vasle says ECB to continue with present policy until conditions improve

The European Central Bank is determined to continue with its present monetary policy until conditions improve, ECB governing council member Bostjan Vasle told a banking conference on Friday.

He said the ECB believes interest rates would remain at a low level for a "longer period of time", adding the ECB policy was aiming to influence short-term and long-term interest rates.

He also called upon euro zone states to accompany the ECB's monetary policy with structural and fiscal reforms.


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